Security News > 2020 > June > New BitSight capabilities enable more effective third-party cyber risk management

BitSight announced several new, innovative capabilities within its BitSight for Third-Party Risk Management solution that provide intelligent recommendations, operational guidance, and risk prioritization to enable more effective third-party cyber risk management.

"Third-party ecosystems are expanding rapidly and organizations of all shapes and sizes struggle to create effective risk management programs," said Dave Fachetti, executive vice president of Strategy.

"These enhancements will help our customers clearly understand and prioritize their portfolio of third-party risk and seamlessly integrate BitSight into their programs, resulting in reduced risk and improved operational efficiency."

Gives business context to technical findings, enabling customers to quickly identify and understand the most critical areas of concern related to third-party cyber risks, and accept or reject risk.

Gives an organization a clearer picture of the state of its third-party portfolio's risk aligned to its organizational policy, with the ability to adjust vendor tiering and risk thresholds.

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